On 10th October, Sunil Subramaniam, CEO, Sundaram Asset Management Company announced the sale of the Registrar and Transfer Agent (RTA) business Sundaram BNP Paribas Fund Services Ltd to Karvy Fintech Pvt Ltd. Even if the business will be sold the services of the sundaram PNB paribas fund will remain same as before. After this merger,…Read More Sundaram PNB Paribas RTA Business to be merged with Karvy
The Reserve Bank of India today cut its benchmark lending rates by 25 basis points, taking its cumulative repo rate cuts to 135 basis points so far this year. This will be good news for home loan borrowers, especially those who home loans are tied to RBI’s repo rates. With RBI still maintaining an accommodative stance, some…Read More Fifth time Home loan Emi rates will fall this year
Getting your own house is a dream for every person but because of lack of funds, not every one can afford it. But now, it is possible. How? Because according to the latest notice, home loans are getting cheaper and affordable. SBI has pegged the spread at 2.65% points above the repo rate which is…Read More Home loans getting cheaper? Find it out here.
Banks have recently started offering the personal loan in less than an hour on the portal- PSB loans in 59 Minutes. This has been started from this september. State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda, Kotak Mahindra Bank and Union Bank of India will approve in-principle loan amount in just 59…Read More SBI, Kotak Mahindra and PNB is offering Personal Loan in 59 Minutes. Check How
Reserve Bank of India has asked all the government banks which are paying a pension to compensate the pensioners an interest of 8% per annum. This interest is proposed for the delay in crediting the pension, revised pension or pension arrears for the delay of credit after the due date of the payment. This has…Read More RBI: Banks should pay 8% interest for the delay in crediting pension arrears
Its a good news for all the traders that they would not have to now open trading account with a demat account. Now it would be possible for all the investors to open a Demat account in electronic form without needing any trading account to be linked with it. Earlier all the investors were required…Read More Demat, trading accounts will be unbundled
EPFO has good news for the EPFO account holders. Soo, it will be crediting interest in the 6 crore accounts. This interest would be for year 2018-19. As per the Press trust of India, Santosh Gangwar the Labour minister said that more than 6 crore EPFO subscribers will soon get 8.65% interest for 2018-19. He…Read More EPFO will be crediting interest in 6 crore accounts
Employees’ Provident Fund Organization is a statutory organization of the Government of India. EPFO was founded in 1951 and is under the control of the Ministry of Labour and Employment. It is the largest social security organization of the country which encourages the people to save their funds for retirement among the other things. EPFO…Read More EPFO – www.epfindia.gov.in